Treasury’s 2011 Terrorist Assets Report

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March 20, 2012

On March 14, 2012, the Treasury Department released the Terrorist Assets Report for 2011. Required by law since 1991, the report offers a year-end snapshot of dollar amounts of terrorist assets held in U.S. jurisdiction. The total amount of blocked funds in 2011 relating to designated terrorist entities (e.g. SDGT, SDT, and FTOs) was $21,109,888. This is an increase of nearly 19 percent from 2010 ($17,638,123). Assets related to the four country sponsors of terrorism (Cuba, Sudan, Syria, and Iran) totaled $398.6 million, an increase of nearly 28 percent from 2010 ($309.5).

Produced by the Office of Foreign Asset Control (OFAC) at Treasury, the annual report on terrorist assets has been criticized for failing to provide meaningful information to demonstrate OFAC’s progress, if any, in its terrorist asset blocking efforts.   A GAO report from 2005 said these reports “do not provide the reader the ability to assess achievements made” and that “Treasury lacks meaningful performance measures to assess its terrorist designation and asset blocking efforts.”